THE DOT - if this turns orange or red be alert

Tuesday, February 15, 2011

As indicated earlier here is one of the indicators I mentioned earlier which makes a correction very likely short term. Actually the timing is pretty much between full moon 17th and 23rd ( different but very forceful negative pattern). The main stock-indicator gives minor margin for a 2 week extension of the time period Apple which is in a week 11 right now but on the other hand we are about to get a short term sell signal for Apple around 360 this week.As we have reached monthly Bollinger band the upside is very limited anyway from here and downside is wide open from a 10% -25% drop.